Smart grid business case for private homes

Rasmus Villefrance, Jonas Brandt, Poul Svante Eriksen, Henrik B. Jorgensen

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

Abstract

We describe and consider how the potential of energy savings may drive the penetration of smart grid technology into private homes. We assess the sociological processes which lead to energy savings when the residents have access to smart grid technology. We propose a way to establish a cash flow from consumers via electrical distribution companies to smart grid technology providers on the Danish market. Finally, we assess the impact of such a business development on the society, as well as relating the penetration of smart grid technology in private homes to the societal goal of 100% renewable energy in the electrical grid in 2050
Original languageEnglish
Title of host publication2013 4th IEEE PES Innovative Smart Grid Technologies Europe (ISGT Europe)
Number of pages5
PublisherIEEE Computer Society Press
Publication date2013
ISBN (Print)978-1-4799-2984-9
DOIs
Publication statusPublished - 2013
Event2013 4th IEEE PES Innovative Smart Grid Technologies Europe - Technical University of Denmark (DTU), Lyngby, Denmark
Duration: 6 Oct 20139 Oct 2013
Conference number: 4
http://www.ieee-isgt-2013.eu/

Conference

Conference2013 4th IEEE PES Innovative Smart Grid Technologies Europe
Number4
LocationTechnical University of Denmark (DTU)
CountryDenmark
CityLyngby
Period06/10/201309/10/2013
Internet address

Keywords

  • Power, Energy and Industry Applications
  • Power system economics
  • Smart Grids

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